1. At present, the exchange with the second largest trading volume in the world, formerly known as OKCoin, has a wide range of transactions, and supports the transactions of legal tender (supporting the exchange of legal tender of various countries into digital currency), currency (trading between digital currency), contract (futures trading, supporting leveraged trading) and ETT (portfolio trading introduced by OKEX). This is a comprehensive exchange.
2. There are 8 currencies for open contract transactions, and the contract types are current week, next week and quarter. The maximum trading leverage is 20x.
3. Supported currencies are: BTC, Swiss Federal Institute of Technology, BCH, etc., BTG, XRP, EOS, LTC.
Four, the types of margin are divided into warehouse by warehouse and Man Cang.
5. Warehouse by warehouse means that the margin allocated to a position is limited to a certain amount. If the margin of a position is lower than the maintenance margin level, the position will be forced to close. Under this method, OKEx supports automatic increase of position margin.
Sixth, the whole warehouse is to share the margin between positions. When necessary, the contract position will withdraw more margin from the account balance to avoid short positions.
7. When the funds in the user's account are lower than the margin used to maintain the position (10 times the face value of the position with 10% leverage mode and 20 times the face value of the position with 20% leverage mode), the position will be exploded. OKEx will place a strong limit order first. If the leveling is successful, the remaining funds will enter the insurance fund pool. If the position cannot be closed, the order for this position will remain. The losses caused by the explosion shall be settled uniformly every Friday.
8. Transaction costs include handling fees, delivery fees and sharing fees.
9. Handling fee: OKEx divides traders into eight grades (Lv0-Lv8-* * *) according to the size of trading volume. The handling fees of different grades are different. The higher the transaction volume, the higher the level and the higher the cost performance.
10. In the transaction, pending orders refer to the order placing behavior that provides liquidity for the exchange (pending orders are waiting for the counterparty to close the transaction), while eating orders refers to the order placing behavior that consumes liquidity (actively closing the transaction at the opponent's price). If the prices of bills are the same, the bills that arrive at the exchange first are bills to be processed, and the bills that arrive later are bills to be eaten.
Xi。 Every day around 2: 00 Beijing time, OKEx will count the transaction volume of users on that day, and different currencies will eventually be settled in BTC. If the user's spot trading or futures trading meets the requirements in the form within 30 days, the user will enjoy the corresponding handling fee discount. For example, if the spot reaches Lv2, then even if the futures trading does not reach the relevant threshold, you can enjoy the discount of Lv2 in the futures trading.
12. Every Friday at 4 pm Beijing time, OKEx will settle the contract, and the settlement will charge a certain handling fee.
Thirteen. Distribution fee: not affected by user level (BTC charges 0.0/kloc-0.5%, non-BTC charges 0.05%); There is no handling fee for closing positions caused by short positions.
14. Cost allocation: The cost is the loss caused by the explosion of the above warehouse, and these losses will be settled uniformly every Friday. After settlement, the loss of short positions is provided by the insurance fund pool. If the cash pool is insufficient to make up the loss, it will be shared equally by all profitable users.